Tag: crypto news

Ex-Security Engineer Jailed 3 Years for $12.3 Million Crypto Exchange Thefts
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Ex-Security Engineer Jailed 3 Years for $12.3 Million Crypto Exchange Thefts

Due to allegations that he stole over $12.3 million by hacking two decentralized cryptocurrency exchanges in July 2022, a former security engineer was given a three-year prison sentence in the United States. The defendant in question, Shakeeb Ahmed, entered a guilty plea to one count of computer fraud in December 2023, subsequent to his arrest in July. The U.S. Department of Justice (DoJ) stated at the time that Ahmed, a citizen of the United States, was a senior security engineer for an international technology company at the time of both attacks. His resume listed expertise in reverse engineering smart contracts and blockchain audits, among other specialized skills, which Ahmed used to carry out the hacks read more Ex-Security Engineer Jailed 3 Years for $12.3 Million Crypto E...
Beware: 3 Malicious PyPI Packages Found Targeting Linux with Crypto Miners
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Beware: 3 Malicious PyPI Packages Found Targeting Linux with Crypto Miners

Three new malicious packages that can install a Bitcoin miner on vulnerable Linux computers have been found in the Python Package Index (PyPI) open-source repository. Before being removed, the three malicious packages—driftme, catme, and modulareven—had received 431 downloads in the previous month. The campaign has similarities to a previous campaign that used a program named culture streak to run a cryptocurrency miner. "These packages, upon initial use, deploy a CoinMiner executable on Linux devices," Fortinet FortiGuard Labs researcher Gabby Xiong said. The malicious code is contained in the init.py file, which decodes and receives the first stage from a remote server read more Malicious PyPI Packages Found Targeting Linux with Crypto Miners. Get up to date on the latest cy...
Four U.S. Nationals Charged in $80 Million Pig Butchering Crypto Scam
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Four U.S. Nationals Charged in $80 Million Pig Butchering Crypto Scam

Four citizens of the United States have been charged with taking part in an illegal conspiracy that used bitcoin investment scams to provide them over $80 million. The defendants are Hailong Zhu, 40, of Naperville, Illinois; Joseph Wong, 32, of Rosemead, California; Justin Walker, 31, of Cypress, California; and Lu Zhang, 36, of Alhambra, California. They are accused of conspiring to commit money laundering, concealing money laundering, and international money laundering. Zhang and Walker were both arrested by the U.S. Department of Justice (DoJ) in relation to the fraudulent operation. The DoJ claimed that the four individuals created bank accounts and shell companies to conduct pig butchering scams and then transferred the illicitly obtained funds read more Four U.S. Nationals Cha...
Crypto Hardware Wallet Ledger’s Supply Chain Breach Results in $60,0000 Theft
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Crypto Hardware Wallet Ledger’s Supply Chain Breach Results in $60,0000 Theft

The producer of cryptocurrency hardware wallets, Ledger, released an update to its "@ledgerhq/connect-kit" npm module in response to an anonymous threat actor's malicious code that resulted in the loss of over $600,000 in virtual assets. The corporation released a statement claiming that the compromise resulted from a former employee falling victim to a phishing attempt. Through the use of three malicious versions of the module—1.1.5, 1.1.6, and 1.1.7—and the spread of crypto drainer malware to other apps that rely on the module, the attackers were able to access Ledger's npm account and compromise the software supply chain. According to Ledger, the malicious code diverted money to a hacker read more Crypto Hardware Wallet Ledger's Supply Chain Breach Results in $600000 Theft. ...
Researchers Uncover Undetectable Crypto Mining Technique on Azure Automation
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Researchers Uncover Undetectable Crypto Mining Technique on Azure Automation

Using Microsoft Azure Automation, cybersecurity experts have created the first completely undetectable cloud-based cryptocurrency miner that doesn't cost anything. The cybersecurity firm SafeBreach announced that it has found three distinct ways to run the miner, one of which can be used on a victim's system covertly. In a report shared with The Hacker News, security researcher Ariel Gamrian stated, "While this research is significant because of its potential impact on cryptocurrency mining, we also believe it has serious implications for other areas, as the techniques could be used to achieve any task that requires code execution on Azure read more Researchers Uncover Undetectable Crypto Mining Technique on Azure Automation. Get up to date on the latest cybersecurity news and en...
North Korean Hackers Targeting Crypto Experts with KANDYKORN macOS Malware
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North Korean Hackers Targeting Crypto Experts with KANDYKORN macOS Malware

Using a unique macOS malware known as KANDYKORN, state-sponsored threat actors from the Democratic People's Republic of Korea (DPRK) have been discovered using Discord to target blockchain engineers of an unidentified cryptocurrency exchange company. According to Elastic Security Labs, which cited an examination of the network architecture and methods employed, the activity, which dates back to April 2023, shows similarities with the notorious antagonistic collective Lazarus Group. "In order to obtain first access to the environment, threat actors enticed blockchain engineers with a Python application," security experts Ricardo Ungureanu, Seth Goodwin, and Andrew Pease stated in a paper released today. This intrusion involved multiple complex stages that each employed deliberate ...
LastPass breach linked to theft of $4.4 million in crypto
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LastPass breach linked to theft of $4.4 million in crypto

Researchers studying cryptocurrency fraud have found that on October 25th, hackers used passphrases and private keys from stolen LastPass databases to steal $4.4 million in cryptocurrency. The information is from Taylor Monahan, a developer for MetaMask, and ZachXBT, who have been monitoring these cryptocurrency thefts. We frequently receive DMs from people who have had their cryptocurrency holdings taken. Additionally, we go out to victims that we find on-chain," ZachXBT said to BleepingComputer. "We ask potential LastPass victims multiple questions and typically have found one commonality between them all being LastPass." In 2022, a LastPass breach resulted in the theft of $4.4 million from over 25 victims by threat actor read more LastPass breach linked to theft of $4.4 million i...
Palestine crypto donation scams emerge amid Israel-Hamas war
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Palestine crypto donation scams emerge amid Israel-Hamas war

Scammers are using the horrible events of the Israel-Hamas war, in which thousands of civilians are dying, to their advantage by posing as a reputable charities and soliciting money. BleepingComputer has discovered a number of posts on X (formerly Twitter), Telegram, and Instagram where con artists post shady cryptocurrency wallet URLs in an attempt to trick gullible people into transferring their money. Additionally, more than 500 "fundraising" emails from organizations posing as charities have been discovered by researchers. People are being encouraged to donate to humanitarian causes in order to aid the victims of the continuing Middle East crisis read more about Palestine crypto donation scams emerge amid Israel Hamas war. Stay informed with the best cybersecurity news and ra...
WhatsApp rival Telegram gets Crypto wallet integration
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WhatsApp rival Telegram gets Crypto wallet integration

The popular messaging software Telegram has announced an integrated cryptocurrency wallet function that enables users to conveniently access their cryptocurrency holdings. People who have used the @wallet bot in the past will see a new option in their Telegram menu that is just for crypto wallets. The information was disclosed during the TOKEN2049 conference, where the TON Foundation and Telegram made their alliance official. Telegram and the TON Foundation made the following commitments at the conference: With the exception of the US, the @wallet integration will offer a link to almost 800 million Telegram users globally read more WhatsApp rival Telegram gets Crypto wallet integration. Stay informed with the best cybersecurity news and raise your cybersecurity awareness with ...
North Korea’s Lazarus Group Suspected in $31 Million CoinEx Heist
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North Korea’s Lazarus Group Suspected in $31 Million CoinEx Heist

Since June 2023, the Lazarus Group, which has ties to North Korea, has stolen approximately $240 million in cryptocurrencies, a huge increase in its hacking activity. The famed hacker squad is allegedly suspected of stealing $31 million in digital assets from the CoinEx exchange on September 12, 2023, according to numerous reports from Certik, Elliptic, and ZachXBT. The crypto robbery intended for CoinEx is the latest in a succession of recent attacks that also cost $100 million for Atomic Wallet, $37.3 million for CoinsPaid, $60 million for Alphapo, and 41 million for Stake.com. Some of the CoinEx money that was stolen was sent to an address that the Lazarus gang had previously used to launder money from Stake.com read more North Korea's Lazarus Group Suspected in $31 Million Co...